January 12, 2011
U.S. economic activity continued to “expand moderately” between mid-November early January, but demand for transportation services was mixed, the Federal Reserve said.
Fed districts based in Cleveland, Atlanta and Kansas City, Mo., saw “stable to slowing” demand for shipping services, the Fed said in its latest “beige book” report, released Wednesday.
The Richmond, Va., district was one where trucking firms saw an increase in demand.
In the Cleveland district, demand for freight transportation was stable during the report period, while in Atlanta, freight volume had level after increases earlier in the year.
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